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The company's net income attributable to stockholders from continuing operations fell to $432 million, or 54 cents per share, in the quarter ended March 31, from $538 million, or 67 cents per share, a year earlier.
In a situation of "increased uncertainty," gold allows investors to diversify their portfolios, secure their savings and protect them for future generations, VTB senior vice president Dmitriy Breytenbikher said in a statement.
Russia scrapped a 20% value-added tax on gold buying for individuals on March 1 as people rushed to park their savings when the rouble sank to record lows.
The currency has been hit by sweeping Western sanctions on Russia in response to what Moscow calls its "special military operation" in Ukraine.
March 30 (Reuters) - Russia's second-largest lender VTB , hit by Western sanctions over Moscow's actions in Ukraine, has sold one tonne of gold to customers this month and expects demand to increase, the state-controlled bank said on Wednesday.
From Monday, Russia's central bank restarted buying gold from banks at a fixed price of 5,000 roubles ($59.35) per gramme after temporarily suspending purchases from banks in mid-March to meet increased demand for the metal from households.
Body camera video from one Moab officer was released two weeks ago, while Petito was still a missing person, and in it portions of the conversation between the cop and the van-life couple were inaudible.
Newly-released bodycam footage has revealed Gabby Petito told cops Brian Laundrie had hit her and cut her face by grabbing her 'with his nail' during a domestic incident less than two weeks before she was last seen alive.
Meanwhile, the manhunt for Laundrie, who is currently on the run and is a person of interest in Petito's homicide, entered its 12th day, with the FBI and Dog the Bounty Hunter scouring separate areas in Florida.
Jan 29 (Reuters) - Gold extended declines on Friday and was set for its worst week since late November as growing expectations for U.S.
interest rate hikes pushed the dollar to a multi-month high, making bullion less attractive for overseas buyers.
However, gold's credentials as an inflation hedge is likely to attract renewed attention with rising stock market volatility amid a market adjusting to a rising interest rate environment, Saxo Bank analyst Ole Hansen wrote in a note.
Aug 8 (Reuters) - Barrick Gold Corp reported a nearly 19% rise in second-quarter profit on Monday, beating analysts' expectations thanks to higher copper output, even as inflation drove the miner's cost of production up.
Net earnings stood at $488 million, or 27 cents per share, for the quarter ended June 30, compared with $411 million, or 23 cents per share, a year earlier.
Earnings and revenue for the quarter beat analysts' estimates, according to Refinitiv data.
Gold prices slipped below its 100-day and 200-day moving averages in the last session, after the U.S. Federal Reserve reaffirmed plans to end its pandemic-era bond purchases and signalled an interest rate hike in March.
However, in a sign of the impact surging inflation is having on Barrick, all-in sustaining costs per ounce of gold - a measure of the cost of production - for the first half increased 13% from the same period last year, while all-in sustaining costs per pound of copper jumped 15%.